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(Solved): The present estimated cost of the two-lane bridge is \( \$ 2,000,000 \). If c ...



The present estimated cost of the two-lane bridge is \( \$ 2,000,000 \). If constructed now, the four-lane bridge will cost \???????

The present estimated cost of the two-lane bridge is \( \$ 2,000,000 \). If constructed now, the four-lane bridge will cost \( \$ 3,400,000 \). The future cost of widening a two lane bridge will be an extra \( \$ 1,900,000 \) plus \( \$ 300,000 \) for every year that widening is delayed. If money can earn \( 10 \% \) per year, what would you recommend? Click the icon to view the interest and annuity table for discrete compounding when the MARR is \( 10 \% \) per year. The PW value for building a four-lane bridge now is : thousand. (Round to the nearest whole number.)


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To determine what you should recommend, you need to calculate the present worth (PW) of building a four-lane bridge now and compare it to the cost of
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